CHSRA reaches federal funding match one year ahead of schedule
The California High-Speed Rail Authority has completed its federal funding match requirements, as part of the American Recovery and Reinvestment Act grant, a year ahead of schedule.
The Federal Railroad Administration (FRA) has notified the California High-Speed Rail Authority (CHSRA) that it has fully met its state funding match requirements for federal dollars one year ahead of schedule. The action completes a major requirement of the American Recovery and Reinvestment Act (ARRA) funding grant.
CSHRA Chief Financial Officer, Brian Annis, said: “The federal government’s investment in this transformative project has been matched, dollar for dollar, a year ahead of schedule. With a strong, engaged federal partner, we’re able to continue moving forward in delivering electrified high-speed rail for the people of California.”
The CHSRA expended the $2.5 billion in federal ARRA funding by the September 2017 statutory deadline. The funding advanced the 119-mile backbone of the state’s high-speed rail system in the Central Valley, a historically disadvantaged part of the state notorious for poor air quality. The FRA required the CHSRA to match the expenditure of federal funds with state funds for qualified expenses by December 2022.
Currently, work is underway in the Central Valley, with 35 active job sites and more than 7,000 construction jobs created to date, and in the Bay Area through our partner Caltrain and the Peninsula Corridor Electrification Project.